St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-26
YESTERDAYS MARKET.
On the Chicago Board of Trade Affairs
Were Again Dull and Rather
!, Uneventfnl.
The Local Speculative Element in Wheat
Still Content to Watch and
Wait
Cable Advices Indicate Flat State OF
Matters In the Foreign
Markets.
Transactions in the Financial Circles
of Wall Street--General
Quotations.
Special to the Globe.

CHICAGO, March 2E.-Wheat was down very
early this morning to S0hc for May. Inal
was where the clique houses stopped IL the
other day, and this is the figure, 1t is SAID, the
Cincinnati people have set up as limit Oh
concessions they are willing to make to the
bears So far the conduct of the market al
this point has borne out the gossip. Wheu
SO15c has been reached traders have appar-
emily butted themselves up against wall,
and sales of short wheat simply went INTO
some enormous NAV that did not seem to be
affected by the quantity SO long
as the quality was contract NO.
2 grade. May wheat touched So1ac
:o-day. Just as it has done heretofore, and
bounded back instantly, just as it has done
heretofore. From S0ac May wheat got back
20 S0Isc. The limit was as difficult to break
through to-day as it was yesterday, or as II
was on Tuesday, or on any OF the other week
days when S0%c has been the low point Tor
the May option. Yesterday it looked as II
Hutchinson was the only one who defended
the point On Tuesday it was plainly the
Cincinnati crowd. But whether it is Cincln-
natl, or California, or Hutchinson or some
body else, the market mas been heretofore SO
WELL PROTECTED
at this figure that the crowd is now certain
that there is method in il. 1t once the figure
was broken through the stability or the
wheat clique would soon be put to the test.
lt is also a remarkable fact that each day for
two weeks May wheat has touched at Sic. To-
day, after hanging mt S012WSO2sc until noon,
George c. Walker l. Co., credited with being
one of the clique houses, bought about 50U.-
100 bushels of wheat. That put the May option
to SO7sc-not quite, however, to the regular
figure, Sic. There are reports here now
which are reiterating the tale Of dam
aye to winter wheat from the dry
March. c. J. Kershaw had q message
from Kansas City, which said that in Missouri
and Kansas the wheat was unquestionaoiy
suffering severely from the unexampled dry
ness of the month. Corn still drags along
near 39c for May. The receipts were good
deal less to-day than expected, but the railing
OFF was Immediately followed by the explana-
ton that there was breakdown on the Chi
cago, burlington & Quincy road, which had
thrown its corn out of the calculations to-day.
The estimates for tomorrow, however, show
that there will be big receipts Saturday, and
of course heavy receipts are looked for on
Monday and Tuesday. In provisions there
was not anything to gossip about.
THE ROUTINE REPORT.
CHICAGO, March 25.-This proved to be an
other very dull day on change. The local
speculative element in wheat is still content
to watch the market closely, without ventur-
ing in the deal. The cable advces indicate
fat foreign markets. The clearings from
three Atlantic ports aggregate l3s,O0O while
the receipts at eleven points were 4l,0O0.
Inc market opened a Sudue edSlcT. oUI4C lor
May, and declined TO S0Hc, rallied TO 801sc.
but gradually dropped OIL again and closed ut
about inside figures. Trading was very
limited in corn, and the market ruled easier.
May delivery fell off to 39Ac, but closed for
the day at about yesterdays figures Oats
were dull and featureless, while mess pork
remains pegs ed at S2l for May and June de-
liveries of regular Lard and short ribs
were quiet and unchanged.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2, March, opened at 75Zc, closing
at-75@75ac; May. S054c, closing at $500
SG5sc; June, soc, closing at 7954@I91sc: July,
s9Ac' closing at 1870. CornmNo. March.
34Ac, closing at 341sc; May, 39}ac, closing at
39asc; June, 401ac, closing at 40Hc: July,
4e5sc, closing at 4119t199c. Oats-No. 2,
March,, 231sc, closing at 231sc; May, &c.
closing at 2S1sc; June, 29c, closing at 2S1sc
Mess pork, per barrel-March, So. 80, closing
at $1,000; May, SCI, closing at sci; June,
SCI. closing at $21. Lard, per 100 pounds
March, $3.50, closing at $T.27}a: May,
S7.35, closing at S7.35; June, S7.4U, closing at
$1.42%. Short ribs per 100 pounds-March,
$7.S77a. closing at S7S2%; May, $7.971a, clos
ing at $7.95; June IS, closing at S7.s7A.
and unchanged. Wheat--No. 2 spring. 100
777ac; No. spring, 73c; No. red, 7s01s5sc.
Corn-No. 2, 341s@37c. Oats-No. 2, 240
24}lc. Rye-No. 2, SAGE. Barley-No. 2, 500
501ac. Flax seed, No. l. Sl.091a. Timothy seed.
prime, $l.79. Mess pork. per Dbl, 5000
sides, loose S7.s219 dry sailed shoulders, boxed,
$6GS6.25; short clear sides. boxed, Ss.20@S.25.
Whisky, distillers' finished goods, per gal,
sl.1S. Sugars-Cut loaf, 6140654c; gran
ulated, &c; standard A. $3.50. Re-
ceipts-Flour, $4,000 bbls; wheat, A.
900 bu; corn, 1885, 600 bu: oats, 166, 900 blu ;
rye, 1000 bu; barley, 33 900 bu. Shipments
Flour, 21,000 bbls; wheat, $4,000 bu; corn.
100000 bu: oats, $4,000 bu; rye, 1000 blu:
barley, 1000 blu. On the produce exchange
Today the butter market ruled easier; cream
cry, 24@3O1ac per n; dairy, 227a@27c. Eggs.
10h61llc per doZ